Sec Form 13G Filing - Riverwood Capital Partners III (Parallel - B) L.P. filing for ForgeRock Inc. (FORG) - 2023-02-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Amendment No. 1)*

Under the Securities Exchange Act of 1934

FORGEROCK, INC.

(Name of Issuer)

Class A Common Stock, par value $0.001 per share

(Title of Class of Securities)

34631B101

(CUSIP Number)

December 31, 2022

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 34631B101

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CUSIP No. 34631B101

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CUSIP No. 34631B101

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CUSIP No. 34631B101

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CUSIP No. 34631B101

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Item 1.

(a) Name of Issuer:

ForgeRock, Inc. (the “Issuer”)

(b) Address of Issuer’s Principal Executive Offices:

201 Mission Street, Suite 2900

San Francisco, CA 94105

Item 2.

(a) Name of Person Filing:

Riverwood Capital GP III Ltd. (“Riverwood GP”)

Riverwood Capital III L.P. (“Riverwood LP”)

RCP III AIV L.P. (“RCP AIV”)

Riverwood Capital Partners III (Parallel – B) L.P. (“RCP Parallel – B”)

Riverwood Capital Partners III (Parallel – A) L.P. (“RCP Parallel – A”)

The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons.” RCP AIV, RCP Parallel – A and RCP Parallel – B are collectively referred to as the “Riverwood Funds”.

(b) Address of Principal Business Office, or, if None, Residence:

The principal business office for all persons filing:

70 Willow Road, Suite 100

Menlo Park, CA 94025

(c) Citizenship:

See Item 4 of each cover page.

(d) Title of Class of Securities:

Class A Common Stock, par value $0.001 per share (the “ Class A Common Stock”).

(e) CUSIP Number:

34631B101

Item 3.

Not applicable.

Item 4. Ownership.

(a) Amount beneficially owned:

The information contained in rows 5, 6, 7, 8, 9, 10, and 11 on each of the cover pages of this Schedule 13G incorporated by reference in its entirety into this Item 4.

As of December 31, 2022, each of the Reporting Persons may be deemed to be the beneficial owner of the shares of Class A Common Stock listed on such Reporting Person’s cover page, with the following Reporting Persons holding the shares directly: (i) RCP AIV held 2,938,640 shares of Class A Common Stock and 1,641,559 shares

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of Class B common stock, par value $0.001 (the “Class B Common Stock” and together with the Class A Common Stock, the “common stock”)) of the Issuer convertible at any time at the option of the holder into an equal number of shares of Class A Common Stock of the Issuer, (ii) RCP Parallel – B held 1,018,318 shares of Class A common Stock and 568,845 shares of Class B Common Stock of the Issuer convertible at any time at the option of the holder into an equal number of shares of Class A Common Stock of the Issuer and (iii) RCP Parallel – A held 610,992 shares of Class A Common Stock and 341,306 shares of Class B Common Stock of the Issuer convertible at any time at the option of the holder into an equal number of shares of Class A Common Stock of the Issuer. In the aggregate, the shares beneficially owned by the Reporting Persons represented an aggregate of approximately 14.0% of the outstanding shares of Class A Common Stock calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the “Act”).

Calculations are based upon 48,219,841 shares of Class A Common Stock of the Issuer outstanding as of November 18, 2022, as reported in the Definitive Proxy Statement on Schedule 14A filed by the Issuer with the Securities and Exchange Commission on December 8, 2022 (the “Proxy”) and includes each Reporting Person’s beneficial ownership of Class B Common Stock, as applicable, convertible at any time at the option of the holder into an equal number of shares of Class A Common Stock. The Class B Common Stock will also convert automatically upon certain events specified in the Issuer’s amended and restated certificate of incorporation. Class A Common Stock has one vote per share and Class B Common Stock has 10 votes per share. The common stock held by the Reporting Persons represents approximately 8.3% of the total common stock of the Issuer outstanding, assuming 48,219,841 shares of Class A Common Stock and 37,572,279 shares of Class B Common Stock of the Issuer outstanding as of November 18, 2022, as reported in the Proxy.

Riverwood LP is the general partner of the Riverwood Funds. The general partner of Riverwood LP is Riverwood GP. Riverwood LP and Riverwood GP may be deemed to have voting and dispositive power over, and may be deemed to be indirect beneficial owners of the shares held by the Riverwood Funds. All investment decisions with respect to the shares held by the Riverwood Funds are made by a majority vote of an investment committee comprised of several members. All voting decisions over the shares held by the Riverwood Funds are made by a majority vote of Riverwood GP’s multiple shareholders. No natural person controls investment or voting decisions with respect to the common stock beneficially owned by the Reporting Persons. The shareholders and investment committee members of Riverwood GP disclaim beneficial ownership of all shares beneficially owned by the Reporting Persons for the purposes of Sections 13(d) and 13(g) of the Act.

(b) Percent of class:

See Item 11 on the cover pages hereto.

(c) Number of Shares as to which the Reporting Person has:

(i) Sole power to vote or to direct the vote:

See Item 5 on the cover pages hereto.

(ii) Shared power to vote or to direct the vote:

See Item 6 on the cover pages hereto.

(iii) Sole power to dispose or to direct the disposition of:

See Item 7 on the cover pages hereto.

(iv) Shared power to dispose or to direct the disposition of:

See Item 8 on the cover pages hereto.

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Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

Not applicable.

Item 8. Identification and Classification of Members of the Group.

The Reporting Persons have agr eed to jointly file this Schedule 13G in accordance with Rule 13d-1(k) of the Act, the agreement with respect to which is attached hereto as Exhibit 1. The filing of this statement should not be construed to be an admission that any member of the Reporting Persons are members of a “group” for the purposes of Sections 13(d) and 13(g) of the Act.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

Not applicable.

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 9, 2023